Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»EXCHANGE NEWS»Ethereum price faces a critical test: Can $2,850 withstand the pressure?
EXCHANGE NEWS

Ethereum price faces a critical test: Can $2,850 withstand the pressure?

By Crypto FlexsApril 19, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ethereum price faces a critical test: Can ,850 withstand the pressure?
Share
Facebook Twitter LinkedIn Pinterest Email

Ethereum price is still solidifying near $3,000. If the bulls push the price above the $3,100 resistance, ETH could begin a steady rise.

  • Ethereum is still struggling to recover above the $3,100 resistance zone.
  • The price is trading below $3,100 and the 100-hour simple moving average.
  • The hourly chart of ETH/USD (data feed via Kraken) shows a major bearish trendline forming at resistance $3,070.
  • If the price closes below the $2,850 support zone, the pair may move lower.

Ethereum price integration

Ethereum price attempted another recovery and remained stable above the $3,000 level. However, the bears, like Bitcoin, defended the $3,100 resistance zone.

There was another drop below $3,000. The price surged below the $2,900 support level. The low was made at $2,867 and the price is currently recovering the losses. It crossed the 23.6% Fib retracement level of the downward move from the $3,278 swing high to the $2,867 low.

Ethereum is still trading below $3,100 and the 100-hour simple moving average. Immediate resistance is near the $3,020 level. The first major resistance is near the $3,070 level and the 100-hourly simple moving average.

Additionally, on the hourly chart of ETH/USD, there is a major bearish trendline forming resistance at $3,070. The trend line is close to the 50% Fib retracement level moving down from the $3,278 swing high to the $2,867 low. The next major resistance level is $3,120, a break above which could lead to a rise to the $3,200 level.

Source: ETHUSD on TradingView.com

The main bearish resistance is at $3,280. A close above the $3,280 resistance could lead the price towards the $3,350 pivot level. If there is a move above the $3,350 resistance, Ethereum may move higher towards the $3,550 resistance.

Will there be more losses in ETH?

If Ethereum fails to clear the $3,100 resistance, it could begin another downtrend. Initial support for the downside is near the $2,920 level. The first major support is near the $2,850 area.

A clear move below the $2,850 support could lead the price towards $2,620. More losses could push the price towards the $2,550 level in the near term.

technical indicators

Hourly MACD – ETH/USD MACD is gaining momentum in bearish territory.

RSI per hour – The RSI for ETH/USD is currently below the 50 level.

Key Support Level – $2,850

Key Resistance Level – $3,100

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin Price Posts for 5 consecutive August losses: Will Michael Saylor react?

August 31, 2025

Pudgy Penguins

August 28, 2025

Will Cardano (ADA) step back and push the bear back low?

August 22, 2025
Add A Comment

Comments are closed.

Recent Posts

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025

Meme Coin Little Pepe Raises Above $24M In Presale With Over 39,000 Holders

September 2, 2025

Bybit WSOT 2025 Attracts Quadruple Squads As $8M Main Competition Commences

September 2, 2025

Duration Of The Process And Important Nuances

September 2, 2025

PrimeXBT Launches “Empowering Traders To Succeed” Campaign, Leading A New Era Of Trading

September 2, 2025

Korean sleeves cut Tesla and pivot with encryption stocks.

September 2, 2025

Are you ready to token everything?

September 1, 2025

Sign Up And Get $500, Ushering In A New Era Of BTC, XRP, And DOGE Cloud Mining

September 1, 2025

Turning Social Hype Into Token Allocation

September 1, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025
Most Popular

OKX launches P2P block trading for bulk cryptocurrency trading

May 17, 2024

What’s Behind Solana’s Recent Volatility After Whale Selling?

September 5, 2024

Crypto analyst says he’s ‘positively surprised’ by Bitcoin, says current bull cycle could send BTC above $250,000

February 9, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.